You get your lift when you need one.

As Steven stood awkwardly on the bank of Lake Malone in Western Kentucky, his grandfather watched his "Little Buddy" desperately attempt to get just one of the many flat rocks he'd gathered to skip over the lake's sun reflective surface. "Keep at it son!" his grandfather shouted with much enthusiasm. "Grandpa," Steven asked in his pre-adolescent and breaking voice, "Why am I no good at anything I try? I want to be a great pitcher like you used to be!"
His grandfather gently touched his shoulder while observing his grandson's eyes beginning to brim with tears. "Little Buddy, let me tell you why you are already a great pitcher and will be a better pitcher than your old grandpa ever was. Can I give you a little advice son? Steven looked intensely into his hero's eyes and replied, "Yes grandpa! I'll do anything to be great like you!"

Nifty finds support @ 100sma & Closes above 200sma.

50,100,200smas are bearishly aligned but the prices have managed to close above all of them. The last support is @ 5640-50sma if 100sma(5700) fails.
TT has shown the weakness since 5890 once daily closed below its High ema. Now the weakness has spread to weekly time frame too except that WLEma is yet to be tested...5670.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

A weekly Close below 5784 would turn the week to Sell mode. Break of 5745 as well as a Close below 5745(200sma) would invite LT investors to exit their holdings. Last Month's close of 5834 is the most likely resistance if it trades above today's pivot of 5806.

Nifty closes below Low ema..a follow up is needed for conf.

Nifty, having been resisted from above 5900, fell towards 5800 and stopped @ WCEma-5784 and in the process closed below Day Low Ema. Last time the momentum failed to happen after such a close. Now that settlement blues is out of the way, follow up prices on a crucial "Last day of month/ week", especially the week would provide additional confirmation.

The most important 200sma is likely to be tested tomorrow @ 5745. A close below it would be negative. If Nifty stays above 5745 and make an attempt to move higher and clear the channel resistance(5865-5880) in two-three days, upside possibility is likely.
"Lead indicator" showed the way with yesterday's reversal and confirmed it today.
Reds(Bears) are capturing the table and would be keen to take the weekly close below 5784. Monthly Ema is far away @ 5688...(OR is it not?)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

NF has gapped up above 5800 to make the highs of the settlement @ 5948. Subsequently it tested the gap area on three occasions, failing only once to move to 5708-settlement Low. 5800-5820 has proved a good support and breaking the same looks difficult but if it does, it may lead to deep corrections. 5900+ has been the supply point and huge CE writing would act as a dampener for bulls.

It ends within this range or resolve to move out of it.

Nifty's contracting triangle takes it to the narrow corner on the eve of settlement day.

Selling pressure from 5900+zone has slowly changed the short term TA to DOWN to be confirmed with a follow up selling below 5810.

Nifty Intraday Update-III

Strength would be only above 5860-21Hour sma.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Nifty is getting into a corner as shown in the chart.
Though Technicals favour the bulls, prices are yet to resolve with a close above 5910 for them.

Nifty range contracting fast for a resolution sooner.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

"5694-5944", the settlement range has its middle point @ 5819 (Closer to the JNSAR).Bias remains positive above the middle point for bulls and vice versa.

Nifty continues to get resisted at channel resistance amidst low volumes.